AOL Inc. is eliminating about 500 positions at its struggling Patch local-news business, or close to half of the division’s more than 1,000 employees, according to a person with knowledge of the decision.About 350 people will lose their jobs today, and roughly 150 will be asked to stay for 60 more days as the company seeks partners for some of the 900 Patch sites, said the person, who asked not to be identified because the matter is confidential. Chief Executive Officer Tim Armstrong, who apologized this week for firing a staff member in front of colleagues, announced the job cuts this morning to Patch workers.Mr. Armstrong, who has said he aims to make Patch profitable by the end of the year, told the staff last week that 400 sites would close down or look for partners, such as other local-news publishers. Today, Mr. Armstrong told employees the company may shutter as many as 20% of the Patch sites, with another 20% destined for partnerships or consolidation, the person said.Patch, which covers school-board meetings, local businesses and other neighborhood stories, has been a costly part of AOL’s strategy to transform the dial-up provider into an advertising-driven content publisher. The company has spent more than $300 million developing the sites, which serve communities and neighborhoods across the country.“Patch’s strategy will be to focus resources against core sites and partner in sites that need additional resources,” AOL said today in an e-mailed statement. “The... Continue reading at 'Crains New York'
[ Crains New York | 2013-08-16 00:00:00 UTC ]
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Lyndsey Fineran tells us about her job as programme manager at Cheltenham Literature Festival. Continue reading at The Bookseller
[ The Bookseller | 2017-02-04 00:00:00 UTC ]
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Facebook is on the hook for $500 million in damages after losing an intellectual property lawsuit Wednesday to ZeniMax Media over its virtual reality headset, the Oculus Rift. ZeniMax, a video game publisher, sued the social network in 2014 in U.S. District Court in Dallas shortly after Facebook... Continue reading at Los Angeles Times
[ Los Angeles Times | 2017-02-02 00:00:00 UTC ]
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Lucy Broughton tells us about her role as marketing executive at Watkins Publishing. Continue reading at The Bookseller
[ The Bookseller | 2017-01-28 00:00:00 UTC ]
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As part of its effort to revamp its coverage of publishing, the 'New York Times' has eliminated a number of bestsellers lists, among them graphic novels/manga and mass market paperback lists. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-01-26 00:00:00 UTC ]
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Snapchat Discover is one of today's hottest sources of news, but it's possibly ... too hot? With an expected IPO just months away, Snapchat wants to start cleaning up Discover's often racy content—created by a select group of publishers including Daily Mail, Cosmopolitan and MTV—by moving away... Continue reading at AdWeek
[ AdWeek | 2017-01-24 00:00:00 UTC ]
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In an effort to shrink federal bureaucracy by cutting spending, President-elect Donald Trump and his administration reportedly intend to eliminate the National Endowments for the Humanities and the Arts. Continue reading at Publishers Weekly
[ Publishers Weekly | 2017-01-19 00:00:00 UTC ]
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Cheltenham Festivals is restructuring its business to make cost savings, resulting in job consultations and the departure of literature festival director Antonia Byatt after less than a year in the role. Continue reading at The Bookseller
[ The Bookseller | 2017-01-18 00:00:00 UTC ]
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Rukhsana Yasmin talks about her role as project officer at Commonwealth Writers. Continue reading at The Bookseller
[ The Bookseller | 2017-01-14 00:00:00 UTC ]
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Libraries minister Rob Wilson met with Lancashire County Council this week as part of an investigation into the council’s controversial plans to close 28 libraries. Continue reading at The Bookseller
[ The Bookseller | 2017-01-13 00:00:00 UTC ]
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Publisher’s short-form Facebook videos have been on the wane after the algorithm has prioritized Facebook Live and the news feed has become flooded with content. Six months ago a well-performing video from The Sun would fetch 250,000 views, now it’s good to get over 100,000. In 2016, The... Continue reading at Digiday
[ Digiday | 2017-01-13 00:00:00 UTC ]
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Jantien Abma tells us all about her role as marketing and publicity executive at Whitefox Publishing. Continue reading at The Bookseller
[ The Bookseller | 2016-12-22 00:00:00 UTC ]
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Hazel Kenyon from Nielsen tells us all about her role as head of publisher account management. Continue reading at The Bookseller
[ The Bookseller | 2016-12-22 00:00:00 UTC ]
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Paul Stark from Orion Publishing Group talks about his role as audio and digital manager. Continue reading at The Bookseller
[ The Bookseller | 2016-12-22 00:00:00 UTC ]
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Louise Eyre from Oxford University Press tells us about her role as permissions assistant, global business development. Continue reading at The Bookseller
[ The Bookseller | 2016-12-22 00:00:00 UTC ]
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The Culture, Media and Sport select committee has warned that budget cuts are making culture less accessible, as part of its latest report on funding and support for the arts outside London. Continue reading at The Bookseller
[ The Bookseller | 2016-12-16 00:00:00 UTC ]
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Swindon Council's scrutiny committee has passed plans to close two thirds of the town's libraries by the end of August 2017. Continue reading at The Bookseller
[ The Bookseller | 2016-12-15 00:00:00 UTC ]
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Abbie Day from the British Library tells us all about her role as publishing assistant. Continue reading at The Bookseller
[ The Bookseller | 2016-12-10 00:00:00 UTC ]
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Dominic Wakeford, commissioning editor at Little, Brown, on what he loves most about his job. Continue reading at The Bookseller
[ The Bookseller | 2016-12-10 00:00:00 UTC ]
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The Publishers Association and Booksellers Association’s initiative to put publishers on booksellers’ shop floors gave both professions food for thought—though as Fleur Sinclair and Andrew Franklin write, not always in the way they expected... Continue reading at The Bookseller
[ The Bookseller | 2016-12-10 00:00:00 UTC ]
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After selling off B2B magazines, the Canadian publisher swings the axe at its Francophone titles. The post Rogers Media Cuts 60 Staffers, Shutters LouLou Magazine appeared first on Folio:. Continue reading at Folio Magazine
[ Folio Magazine | 2016-11-30 00:00:00 UTC ]
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